Does Oregon Have B&O Tax?

Oregon Tax System Overview

Oregon does not have taxes on: receipts/revenue tax, inventory or goods in transit, motor vehicle purchase, statewide capital or asset value, intangible properties like stocks, bonds or securities. Corporations pay an excise tax with a rate of 6.6% on $1 million or less and 7.6% on above $1 million income. There is a $150 minimum excise tax.

Personal and Corporate Taxes

  • If selling a house was not normal business, then not considered commercial activity.
  • Personal income taxes supply state government and public education revenue. The maximum personal tax rate is 9 percent on over $7,300 single returns or over $14,600 joint returns income. Same capital gains rate as other income.
  • Payroll taxes: minor rates in county-regional transit districts apply besides federal withholdings.
  • The corporate excise tax applies based on Oregon income. The personal income tax is the largest revenue source, expected to be 86% of 2021–2023 General Fund. Oregon’s taxable income connects to federal.

Other Taxes in Oregon

Oregon does not have sales or use/transaction taxes. However, Oregon has a vehicle use tax for new out-of-state vehicles. Must pay before titling and registering in Oregon.
Portland gross receipts tax applies to over $1 billion total sales businesses with over $500,000 Portland retail receipts. Some Washington Cities have taxes not collected by the state.

Oregon Business Taxes Comparison

Oregon has a corporate excise tax instead of a gross receipts tax. The tax rate is 6.6% on $1 million or less profit and 7.6% on above $1 million profit. There is a $150 minimum excise tax. Selling a house not as a business is not taxed.

Self Employment Tax in Oregon

Oregon has no taxes on: inventory, motor vehicle purchase, capital value, intangible properties like stocks or bonds. The corporate excise tax rate is 6.6% on $1 million or less profit and 7.6% on over $1 million profit. Minimum excise tax is $150.

Other Tax Information

Oregon lacks sales or use taxes. However, Oregon has a vehicle use tax for new out-of-state vehicles before registering in Oregon.

Portland taxes over $1 billion total sales businesses with over $500,000 Portland retail receipts. Some Washington Cities have taxes not collected by the state.

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